Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.49

+0.2%

3:59 PM EST

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To: KM who wrote (552)	10/26/1997 3:15:00 PM
From: Brent D. Beal	Read Replies (1) of 164684

I don't know that answer to your questions, but maybe you can help me out? I've never shorted a stock before, I've always preferred to buy puts, but with AOL the premiums are so high that I think I might do better with a short--and AMZN isn't optionable, so I don't have any choice here. I trade with Lombard, and they require 50% of the purchase price initially and then 35% to maintain, but what does that mean? When I short, don't I get all the money?--does that mean I need to keep 35% of the value of my short in cash? About 80% of my portfolio is in options, so none of that is marginable. . . Anyway, planned on calling Lombard tomorrow, but maybe you could save me the embarassment of asking a log of dumb questions. Thanks.

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